Crude Oil Reversal Higher Points To $62 Price Target

Guy Cerundolo
crude oil futures 62 price target trading image analysis month november

Crude Oil Futures Trading Chart

I am bullish crude oil for a trade here.

Oil prices held our MOB support line (see chart) and reversed higher.

The reversal is also in line with a MACD crossover.

Our near-term MFU-3 price target is $62.

The author may hold positions in mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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